Brazil in the 21st century: A difficult path

Brazilian economic reforms in 21st century have great importance for the international community, especially for other countries of the middle level of development. The authors believe that, in spite of all the difficulties and crises, Brazil has made a decisive step forward by reforming its social...

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Autores principales:	Leonid M. Grigoryev, Marina F. Starodubtseva
Formato:	article
Lenguaje:	EN
Publicado:	Voprosy Ekonomiki 2021
Materias:	Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/aee36980dc9743aea829e47052bc02d2
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spelling	oai:doaj.org-article:aee36980dc9743aea829e47052bc02d22021-12-05T04:30:54ZBrazil in the 21st century: A difficult path10.32609/j.ruje.7.784322405-4739https://doaj.org/article/aee36980dc9743aea829e47052bc02d22021-12-01T00:00:00Zhttps://rujec.org/article/78432/download/pdf/https://rujec.org/article/78432/download/xml/https://rujec.org/article/78432/https://doaj.org/toc/2405-4739Brazilian economic reforms in 21st century have great importance for the international community, especially for other countries of the middle level of development. The authors believe that, in spite of all the difficulties and crises, Brazil has made a decisive step forward by reforming its social structure and retaining democracy. Social reforms (especially minimal wage) led to strengthening middle class, but also to elevating its social aspirations. At this dramatic junction the economic development of the country was aggravated by external shocks and unsuccessful budget policies. The complex interaction of social macroeconomic policies in Brazil with strong external shocks gives lessons to countries with similar characteristics. The pandemic and recession of 2020–2021 have made the path of development more complicated but there is room for optimism for Brazil in the long run.Leonid M. GrigoryevMarina F. StarodubtsevaVoprosy EkonomikiarticleEconomics as a scienceHB71-74ENRussian Journal of Economics, Vol 7, Iss 3, Pp 250-268 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Economics as a science HB71-74
spellingShingle	Economics as a science HB71-74 Leonid M. Grigoryev Marina F. Starodubtseva Brazil in the 21st century: A difficult path
description	Brazilian economic reforms in 21st century have great importance for the international community, especially for other countries of the middle level of development. The authors believe that, in spite of all the difficulties and crises, Brazil has made a decisive step forward by reforming its social structure and retaining democracy. Social reforms (especially minimal wage) led to strengthening middle class, but also to elevating its social aspirations. At this dramatic junction the economic development of the country was aggravated by external shocks and unsuccessful budget policies. The complex interaction of social macroeconomic policies in Brazil with strong external shocks gives lessons to countries with similar characteristics. The pandemic and recession of 2020–2021 have made the path of development more complicated but there is room for optimism for Brazil in the long run.
format	article
author	Leonid M. Grigoryev Marina F. Starodubtseva
author_facet	Leonid M. Grigoryev Marina F. Starodubtseva
author_sort	Leonid M. Grigoryev
title	Brazil in the 21st century: A difficult path
title_short	Brazil in the 21st century: A difficult path
title_full	Brazil in the 21st century: A difficult path
title_fullStr	Brazil in the 21st century: A difficult path
title_full_unstemmed	Brazil in the 21st century: A difficult path
title_sort	brazil in the 21st century: a difficult path
publisher	Voprosy Ekonomiki
publishDate	2021
url	https://doaj.org/article/aee36980dc9743aea829e47052bc02d2
work_keys_str_mv	AT leonidmgrigoryev brazilinthe21stcenturyadifficultpath AT marinafstarodubtseva brazilinthe21stcenturyadifficultpath
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Brazil in the 21st century: A difficult path

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